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SBUX

Starbucks

$77.08

-0.48 (-0.62%)

09:50
05/22/19
05/22
09:50
05/22/19
09:50

Starbucks puts active at the opening bell

Starbucks puts active at the opening bell. Shares off 34c to $77.19 and Jun 76s trade across the exchanges from $1.10 to 1.14 per contract. Volume is 2.2K against 226 open interest and these puts are struck 1.5% below spot, expiring in 30 days. Earnings last reported late-April and not due again until late-July.

  • 06

    Jun

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    Jul

SBUX Starbucks
$77.08

-0.48 (-0.62%)

04/26/19
SPHN
04/26/19
NO CHANGE
Target $72
SPHN
Equal Weight
Starbucks price target raised to $72 from $65 at Stephens
Stephens analyst Will Slabaugh said Starbucks reported a "solid" Q2 with improving China comps and in-line results in the Americas. While he still has some concerns about the broadly flat-to-negative traffic, Slabaugh said he continues to be impressed with Starbucks' level of beverage innovation. He keeps an Equal Weight rating on the shares and raised his price target on the stock to $72 from $65.
04/26/19
BMOC
04/26/19
NO CHANGE
Target $70
BMOC
Market Perform
Starbucks price target raised to $70 from $60 at BMO Capital
BMO Capital analyst Andrew Strelzik raised his price target on Starbucks to $70 and also raised his FY19 EPS outlook by 9c to $2.79 after its Q2 earnings beat that was driven by the company's "stronger margins and a lower-than-expected tax rate." The analyst is also keeping his Market Perform rating on Starbucks, stating that the company's growth trajectory is likely to be slower as traffic gains remain "elusive."
04/26/19
04/26/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Starbucks (SBUX) downgraded to Market Perform from Outperform at Wells Fargo with analyst Bonnie Herzog saying she remains optimistic that Starbucks can continue to simultaneously execute on its strategy to drive "strong" same-store-sales in the U.S. and expand in China. However, she thinks the market already "fully appreciates this" and, as such, sees the shares as "fully valued." 2. Axalta Coating (AXTA) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas saying risks of continued weakness in the global auto manufacturing market are "appreciable," which may lead to volume and earnings disappointments later in the year for Axalta. 3. Ferrari (RACE) downgraded to Hold from Buy at HSBC. 4. Seagate (STX) downgraded to Neutral from Buy at Edgewater Research. 5. Western Digital (WDC) downgraded to Underperform from Neutral at Baird with analyst Tristan Gerra citing what he calls an "increasing disconnect" between significant year-to-date appreciation in the stock and a continued deterioration in NAND flash fundamentals as highlighted by recent reports from Intel (INTC), Hynix, and Nidec. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/09/19
JEFF
05/09/19
NO CHANGE
Target $89
JEFF
Buy
Jefferies says Starbucks 'can handle competitors' in China after Luckin analysis
Jefferies analyst Andy Barish remains confident on Starbucks China after analyzing Luckin overlap data. Starbucks' China business improved quarter-over-quarter in fiscal Q2, implying limited impact from competition, although investors remain concerned about Luckin Coffee, Barish tells investors in a research note. Using Thinknum/Carto data, the analyst found Luckin overlap of greater than 80% of Starbucks locations in tier one and two cities, with almost no overlap in tiers three and below. However, QuestMobile app data points to limited consumer overlap, adds the analyst. The consumer experience differs and the market is at an early stage, so Starbucks "can handle competitors," says Barish. He keeps a Buy rating on the shares with an $89 price target.

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CTVA

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UTX

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0.24 (0.13%)

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GM

General Motors

$35.66

-0.36 (-1.00%)

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GM won't deploy self-driving fleet until safer than human driver, Axios reports »

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T

AT&T

$32.36

0.06 (0.19%)

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T

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CMCSA

Comcast

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0.62 (1.49%)

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SNE

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LGF.A

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DIS

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VIAB

Viacom

$29.38

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VIA

Viacom

$34.61

0.14 (0.41%)

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

17:43
06/16/19
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Goldman Sachs combining private-investing units, WSJ reports »

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DB

Deutsche Bank

$6.79

-0.07 (-1.02%)

17:38
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UAL

United Continental

$87.10

(0.00%)

16:35
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TGT

Target

$87.83

-0.48 (-0.54%)

16:33
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Target registers back online after outage blamed on tech issue, Reuters says »

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INTC

Intel

$46.18

-0.54 (-1.16%)

16:30
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BA

Boeing

$347.19

-1.54 (-0.44%)

16:27
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  • 17

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GS

Goldman Sachs

$191.71

0.24 (0.13%)

16:19
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BA

Boeing

$347.19

-1.54 (-0.44%)

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  • 17

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ESLT

Elbit Systems

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AMGN

Amgen

$176.09

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  • 16

    Sep

SILK

Silk Road Medical

$44.80

-0.95 (-2.08%)

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  • 26

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EDIT

Editas Medicine

$21.72

-0.78 (-3.47%)

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SNSS

Sunesis

$0.90

-0.055 (-5.79%)

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APLS

Apellis

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  • 18

    Jun

FTSV

Forty Seven

$10.55

-0.02 (-0.19%)

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AZN

AstraZeneca

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-0.23 (-0.58%)

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  • 20

    Jun

STRO

Sutro Biopharma

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BPMC

Blueprint Medicines

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  • 18

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INCY

Incyte

$77.76

1.385 (1.81%)

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